Precious metals markets are currently experiencing a state of cautious anticipation, particularly silver, due to the ongoing geopolitical developments. However, a closer reading of market movements shows that this pullback may simply represent a temporary correction within a long-term bullish trend, said an expert.
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Royal Commission for Riyadh City (RCRC) is gearing up to launch a major urban cooling project in the Saudi capital that aims to reduce temperatures on roads, walls and other urban surfaces by up to 15°C, said a report. Top Greek consulting firm Planet has been signed up as the lead consultant for the project.
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A landmark reform of the UAE's civil law takes effect today (June 1), lowering the age of legal adulthood from 21 to 18 and introducing sweeping changes that will affect how residents, businesses and investors manage contracts, property, finances and legal disputes.
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US President Donald Trump has sent back changes to the proposed deal with Iran after a meeting with advisers on Friday, CNN quoted officials as saying, extending the back-and-forth negotiations into another week.
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A major update to the UAE’s civil law will come into force on June 1, bringing changes that are expected to affect how residents, families, businesses and young adults deal with contracts, property, money and legal responsibility.
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Qatar's Ministry of Interior (MOI) has announced the termination of automatic extension of all types of expired or nearly expired entry visas, effective Sunday, June 7.
Meta, the social networking giant, has announced that it’s now rolling out its consumer subscription plans globally for its flagship apps Instagram, Facebook, and WhatsApp.
Global energy investment is expected to reach $3.4 trillion in 2026, with $2.2 trillion going to low-emissions and grid technologies and $1.2 trillion to fossil fuels, according to the IEA report.
US and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give his final approval, Axios has reported quoting two US officials and a regional source involved in the mediation efforts.
Kuwait's Foreign Ministry strongly condemned on Thursday the Iranian attacks targeting its territories with missiles and drones, describing them as a dangerous escalation and a blatant violation of the country's sovereignty, security and territorial integrity.
The global economic outlook has deteriorated sharply in recent weeks, according to the latest edition of the World Economic Forum’s Chief Economists’ Outlook published on Thursday (May 28).
Total global air passenger demand, measured in revenue passenger kilometers (RPK), was down 3.4% in April this year, compared to April 2025, data from International Air Transport Association (IATA) said.
The Ebola outbreak in the Democratic Republic of the Congo (DRC) has intensified, with the number of suspected cases crossing 1,000 and neighbouring Uganda imposing emergency border restrictions amid fears of wider regional spread.
Fresh US military strikes near Iran’s strategic port city of Bandar Abbas and comments from President Donald Trump that he would not be rushed into a deal, added to tensions in the Gulf, while oil prices rebounded after sharp losses earlier in the week.
The Royal Commission for Makkah City and Holy Sites has announced the awarding of six development sites under the Developed Districts Program, covering a total area of more than 2.7 million sq m, representing investments worth SAR13.3 billion ($3.54 billion).
Saudi Basic Industries Corp (Sabic) has launched an ambitious public auction of industrial assets from its facilities in La Aljorra, Spain, specifically from the LX2 polycarbonate plant and the HPP plant following their permanent closure. The auction comprises 141 lots divided into two specialised events.
Positioned as an accessible destination for GCC visitors, the June edition of Qatar Calendar highlights the beginning of a dynamic seasonal programme, reinforcing Qatar’s positioning as a leading summer destination.
Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding with Bahrain Polytechnic to strengthen cooperation in the areas of education, training, and applied research.
Precious metals markets are currently experiencing a state of cautious anticipation, particularly silver, due to the ongoing geopolitical developments. However, a closer reading of market movements shows that this pullback may simply represent a temporary correction within a long-term bullish trend, said an expert.
UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
The Emirates Drug Establishment (EDE) has approved Wegovy (semaglutide), an oral once-daily treatment indicated for long-term weight management in adults living with obesity or overweight associated with weight-related medical conditions.
Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding with Bahrain Polytechnic to strengthen cooperation in the areas of education, training, and applied research.
The Middle East remains a vital global feeder market for Printemps Paris, the iconic Boulevard Haussmann luxury institution celebrating Parisian elegance since 1865. To entice regional travellers, Printemps has launched a premium in-store activation for Eid Al Adha 2026, featuring storewide discounts, Arabic-speaking personal shoppers, and VIP lounge access.
DP World, the global trade enabler, has announced that it will jointly invest, along with the Government of the Dominican Republic, an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
Positron AI Ltd, a US-based developer of next-generation specialised AI inference infrastructure, has established its first presence outside the US in the Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East.
Dubai Taxi Company (DTC) has signed an agreement with AJ Industries, an expert in sustainable and innovative automotive solutions in Ajman, in bid to scale its operational expertise, digital platforms and e-hailing capabilities to support the mobility ecosystem in the emirate.
Meta, the social networking giant, has announced that it’s now rolling out its consumer subscription plans globally for its flagship apps Instagram, Facebook, and WhatsApp.
A landmark reform of the UAE's civil law takes effect today (June 1), lowering the age of legal adulthood from 21 to 18 and introducing sweeping changes that will affect how residents, businesses and investors manage contracts, property, finances and legal disputes.
